Looking to diversify beyond XYZY? The ETFs below have historically moved differently from XYZY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for XYZY
9 ETFs have low correlation with XYZY (below 0.3), 2 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.41 | — | — | 75 | Derivative Income | XYZY vs WNTR | |
| YieldMax XOM Option Income Strategy ETF | -0.20 | — | — | 51 | Derivative Income, Dividend | XYZY vs XOMO | |
| Simplify Treasury Option Income ETF | 0.01 | — | — | 95 | Government Bonds, Ultrashort Bond, Derivative Income | XYZY vs BUCK | |
| YieldMax AAPL Option Income Strategy ETF | 0.25 | 0.29 | 0.29 | 60 | Derivative Income, Options Trading, Actively Managed | XYZY vs APLY | |
| Roundhill AMD WeeklyPay ETF | 0.26 | — | — | 88 | Derivative Income, Leveraged Equities | XYZY vs AMDW |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XYZY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Orchid Island Capital, Inc. (ORC) (Real Estate) with a 1Y correlation of 0.28, roughly unchanged from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Orchid Island Capital, Inc. | 0.28 | 0.38 | 0.38 | 61 | Real Estate |
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